Faint praise but they'll take it, as Citigroup (C +8.7%) now leads the bounce in financial...

|About: Citigroup Inc. (C)|By:, SA News Editor

Faint praise but they'll take it, as Citigroup (C +8.7%) now leads the bounce in financial shares (XLF +3.5%) after Oppenheimer analysts write it is much better positioned to weather a recession now than in 2008. Other banks on the Oppenheimer note’s favored list include Wells Fargo (WFC +5.1%), which was also upgraded earlier, JPM +3.3% and USB +2.5%. BAC now +7.7%.